Ambow Education (AMBO) CFO Kung Resigns; Interim CFO Named
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Ambow Education Holding Ltd. (NYSE: AMBO), announced that effective July 5, 2012 Beijing Time, Mr. Gareth Kung, the Company's Chief Financial Officer, who had joined the Company in December 2011, has resigned from his position with the Company.
"We thank Mr. Kung for his many contributions to the Company and wish Mr. Kung the best in the future," stated Dr. Jin Huang, Ambow's President and Chief Executive Officer.
The Company also announced that Mr. KJ Tan, who currently serves as the Company's Vice President of Finance has been appointed as Acting Chief Financial Officer until a permanent successor is appointed. KJ Tan joined Ambow as its Corporate Controller in December 2008. In March 2010, KJ was promoted to the position of VP Finance. KJ has more than ten years' working experience with Big Four accounting firms in both China and Singapore. He was with KPMG Shanghai from December 2002 to September 2005 and with PricewaterhouseCoopers Shanghai from October 2005 to November 2008. Prior to joining Ambow, he worked as a Senior Audit Manager in PricewaterhouseCoopers' Shanghai office.
"We thank Mr. Kung for his many contributions to the Company and wish Mr. Kung the best in the future," stated Dr. Jin Huang, Ambow's President and Chief Executive Officer.
The Company also announced that Mr. KJ Tan, who currently serves as the Company's Vice President of Finance has been appointed as Acting Chief Financial Officer until a permanent successor is appointed. KJ Tan joined Ambow as its Corporate Controller in December 2008. In March 2010, KJ was promoted to the position of VP Finance. KJ has more than ten years' working experience with Big Four accounting firms in both China and Singapore. He was with KPMG Shanghai from December 2002 to September 2005 and with PricewaterhouseCoopers Shanghai from October 2005 to November 2008. Prior to joining Ambow, he worked as a Senior Audit Manager in PricewaterhouseCoopers' Shanghai office.
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